Real Estate Investing in Calera, Oklahoma (74730)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 74730 (Calera, OK)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Calera, OK (74730)?
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Market Analysis: 74730 Calera
Investors eyeing 74730 need to respect the fundamentals at play. Home values of $240K come alongside slower price movement and elevated management overhead.
Put differently, the numbers look inviting — $240K purchase price, 0.0% nominal cap — the work to hit that pro forma in 74730 is substantial and deserves full respect.
The gap between 74730 and stronger Calera ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 74730 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 74730 is an operator game, not a passive one. Meanwhile, entry prices of $240K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Calera:
Property Strategy for 74730
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $141,487 | $1,050 | 5.3% | +9.1% | $70,744 |
| 3BR | $239,213 | $1,390 | 4.2% | +8.0% | $79,738 |
| 4BR | $306,490 | $1,570 | 3.7% | +6.6% | $76,622 |
Market Trends
Home Value History (with trend line)
📊 How Does 74730 Compare?
| Metric | 74730 | Calera | Durant, OK | Oklahoma |
|---|---|---|---|---|
| Home Value | $239,848 | $239,848 | N/A | $214,563 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 6.9% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 74730 (Calera, OK). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $239,848 |
| Monthly Rent | $945 |
| Price-to-Rent | 21.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 74730
Population: 5,790
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 74730
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 579 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much is rent in Calera, OK?
Rents in Calera, OK run near $945/mo. Compared with median home prices of $240K that produces solid gross yields for typical rentals.
Is Calera, OK good for house hacking?
House hacking in Calera, OK is a challenging. With home values around $240K and rents at $945/mo, owner-occupants can offset a meaningful share of PITI.
Should investors consider Calera, OK?
The 3.0/5 investability rating in Calera, OK reflects its $240K prices and $945/mo rents. Investors generally consider it a solid option within OK.
How expensive is real estate in Calera, OK?
Median home price in Calera, OK is near $240K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
Should investors worry about vacancy in Calera, OK?
Calera, OK sees elevated vacancy, which is reasonable relative to the broader OK rental market.
You know 74730 now. You don’t know where it ranks.
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How 74730 ranks in Durant, OK
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